Squawk on the Street: Opening Bell 09/23/2019
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 23 September 2019
⏱️ 46 minutes
🧾️ Download transcript
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| 0:00.0 | Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:09.8 | Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer, David Faber, the New York Stock Exchange. |
| 0:15.1 | Dow futures down. About 80 as a busy newsweek unfolds. Actually, a little bit of improvement here. |
| 0:20.4 | We've got WeWork |
| 0:20.9 | drama, lots of central banks speak, global PMIs, which were no good in Europe. Germany 41-4, |
| 0:26.9 | a crisis-era low. Markets are weak there. 10-year yield back below 1-7. Oil is unchanged on these |
| 0:32.3 | conflicting reports about Aramco's recovery. Romance begins with WeWorks Woes. |
| 0:37.9 | SoftBanks Masasan, the company's largest investor reportedly in favor of ousting Adam Newman. |
| 0:43.1 | David has some details. |
| 0:44.7 | Plus, we do have global growth worries continuing, and stocks are set for a mixed open |
| 0:49.1 | as Week 9 manufacturing data out of Europe stokes slowdown fears. |
| 0:53.3 | And First Lady Melania Trump coming to the NYC this morning, set to ring the opening bell |
| 0:57.7 | to help highlight her Be Best campaign. |
| 1:01.6 | We start, though, this morning with this ongoing drama. |
| 1:04.4 | In fact, an increase of drama at WeWork, a company we followed closely in weeks past because |
| 1:09.0 | of the expectation it would soon go public. |
| 1:12.1 | That is no longer the focus, at least of the current stories involving the company. |
| 1:17.6 | More so the future of its founder and CEO and controlling shareholder Adam Newman. |
| 1:23.5 | This morning, we can tell you much remains in flux at the company in terms of the future of its senior leadership with a number of significant board members and shareholders moving to oust Mr. Newman as the company's CEO, move him into some sort of other more perhaps ceremonial position of non-executive chairman or something along those lines. |
| 1:48.2 | As of early this morning, it was unclear what Mr. Newman's future would be. |
| 1:55.9 | There is some division on the board, I'm told, by people familiar with the situation |
| 1:59.7 | where representatives |
... |
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